Suddenlink reported a significantly slowed rate of decrease in its number of basic video customers in the first quarter, losing only 6,400, compared with a loss of 35,000 in Q4 2014, its first three-month period after dropping Viacom channels.
Fresh off taking a $784 million write-down earlier in April, partly to account for archival programming that has little value in the streaming video era, Viacom experienced a first-quarter loss of $53 million, compared to a $502 million profit in Q1 2014.
AT&T has announced a deal with the Walt Disney Company to launch the media conglomerate's Disney Story Central platform on the U-verse pay-TV service.
Struggling media giant Viacom has punctuated a major restructuring effort by taking a $785 million charge on its fiscal second-quarter books.
Sumner Redstone built his Viacom empire via a combination of "vision and paranoia," The Economist says, taking his father's exhibition chain, National Amusements, and future-proofing it against emerging paradigms and technologies, such as pay-TV and VCRs.
As media news stories go, licensing renewal battles between pay-TV operators and programmers always produce provocative quotes. But it can be difficult to parse out the truth of who is really being unreasonable in carriage negotiations. Get the backstory on five of 2015's biggest upcoming retransmission deals before the blackouts start.
If a Monday report in the New York Times is any indicator, Viacom appears to be failing in its quest to spur government intervention in a carriage stalemate with Suddenlink that has kept Viacom...
Trying to change course amid falling ratings and soft advertising sales, Viacom announced Wednesday that it is reviving its Noggin educational brand to launch a new SVOD service targeted toward preschoolers.
Suddenlink lost another 34,800 basic video customers in the fourth quarter of 2014, nearly quadrupling the 8,600 it lost during the comparable 2013 quarter. Suddenlink also lost 26,300 digital video customers in Q4.
The steady decline of Cable One's pay-TV business continued in the fourth quarter, with the MSO hemorrhaging another 25,000 video subscribers.